Global Processed Meat Market 2020 Research Report having Four key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment with Forecast Year from 2020 to 2023.

Apr 02, 2020 (The Expresswire) --
Global Processed Meat Market
2020 report is a professional and in-depth research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific). It covers the market landscape and its growth prospects over the coming years. Processed Meat Market report also includes a discussion of the Key Vendors operating in this Global market.

The global processed meat market is expected to register a CAGR of 6.8% during the forecast period of 2018 to 2023. Processed meat consumption was always high, mostly because it was always considered to be a product of convenience. Due to its easy availability and convenience, most of developing countries are accepting it as a staple food product.

Convenience products are the future

Factors such as hectic lifestyle, rapid urbanization, adoption of new lifestyle trends and food habits will drive the demand for packaged, ready-to-eat, and convenience food such as processed meat. Growth in food service and retail industry has led to increased supply of processed meat products. Demand for meat products has also been influenced by variety, prices and services that the food retail firms have been offering to their customers. Innovation in meat processing technologies has led to the introduction of diverse products in the market thus ensuring bigger consumer base. The growing demand for frozen food products across the globe will also drive the processed meat market.
Increasing obesity level due to high intake of processed food is the main factor which is hampering the adoption rate of processed meat.

Frozen Meat is the fastest Growing Segment

The chilled and frozen meats segment accounted for the highest market share and will continue to dominate the market. Chilled meat was the leading segment and is expected to show strong growth.

Processed poultry is the largest segment in processed meat industry and accounts for around 40% of the market share. Processed meat of rabbit, horses among others is the opportunity segment in the matured market like Europe and North America. Although the consumption rate of beef has been declining, the consumption of processed beef has shown a steady rise. Cured meat is widely consumed and accounts for 65% of the market share. Fully cooked and formed meat type is the major segment in cured meat.

North America Leading at the Regional Front

In terms of geography, North America holds the highest share of 38% during 2016 and will continue to dominate the market for the next four years. Asia-pacific region has high potential mainly due to increasing demand for high-value protein food and growth in organized retail. China and India are the fastest growing countries in the region. Increased awareness among the masses about the health hazards of processed meat has slowed down the consumption rate of processed meat in Europe.

The key players in the global processed meat market are focused on the expansion of the business in the developing regions by setting up new plants to increase production capacity and also extending the product line. Mergers and acquisitions of small and medium-sized manufacturers to enter in overseas market is another strategy adopted by multinational players. For instance, Siniora Food Industries acquired Diamond Meat Processing a UAE based company for USD 12 million. The acquisition aims to diversify and expand their product portfolio of the company. Moreover, Costco invested USD 180 million to develop poultry farm so that the farm can produce one-third of all its chickens including raw meat.

Reasons to Purchase this Report

• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report

• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.

Key Factors Involved in the Report: -

Processed Meat Market Forecast by regions, type and application, with sales and revenue, from 2020 to 2023.

Processed Meat Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.

The global Processed Meat market Growth is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2023. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Processed Meat Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.

Processed Meat Market Report also mentions market share accrued by each product in the Processed Meat market, along with the production growth.

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

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